Daily analysis of GBP/JPY for September 28, 2017



The GBP/JPY pair repeated its fluctuation above 150.00 level that forms one of the support levels that agree with the bullish bias domination, and the price needs new positive momentum to ease rallying above 152.80 level and opens the way to record new positive targets by reaching 155.40 followed by 156.60. We notice stochastic attempt to form new bullish wave to wait to rally above 50 level and allow the price to gain the required momentum to start recording our waited targets. The expected trading range for today is between 150.00 and 152.80.

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